Aker Solutions secures Cenovus service deal, shares backed by robust order book
26.06.2026 - 16:20:54 | ad-hoc-news.de
By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 16:20.
Aker Solutions (NO0010716582) has signed a five-year engineering and maintenance services agreement with Cenovus Energy for the White Rose field assets, described by the company as a sizeable contract in its latest update.Aker Solutions announcement on the Cenovus agreement The Norwegian oilfield services group is a key supplier to major offshore operators such as Equinor in the North Sea, alongside peers like TechnipFMC.
Details of the Cenovus service agreement
The new agreement with Cenovus Energy Inc. covers engineering and maintenance services for White Rose field assets offshore Canada, with a contract term of five years and classified as sizeable by Aker Solutions, typically implying a NOK 0.5–1.5 billion range.Company contract classification and White Rose announcement Cenovus Energy is a large Canadian integrated energy company listed on the Toronto Stock Exchange, giving Aker Solutions further exposure to North American offshore investment.
The agreement is part of Aker Solutions' broader portfolio of offshore engineering and maintenance work, which already includes a front-end engineering and design (FEED) contract from Equinor for the Atlantis subsea tie-in to the Kvitebjørn platform.Aker Solutions update on the Equinor Atlantis FEED contract With these projects, the company extends its role in long-life offshore assets where ongoing engineering support and maintenance work can generate recurring revenue.
Order backlog and 2026 outlook
For the first quarter of 2026, Aker Solutions reported order intake of NOK 28.8 billion, lifting the secured order backlog to NOK 80.2 billion at quarter-end, according to its investor relations materials.Aker Solutions Q1 2026 investor update This backlog provides multi-year revenue visibility across offshore projects, subsea work and renewable energy-related contracts.
The company expects revenue in 2026 to be around NOK 50 billion, with EBITDA margins excluding net income from SLB OneSubsea in the range of 7.0 to 7.5 percent.Guidance commentary in Aker Solutions financial outlook In April, shareholders approved a total distribution of NOK 8.60 per share in ordinary and extraordinary dividends at the Annual General Meeting, which was paid on April 27, 2026.
Further figures and disclosures on the Aker Solutions shares
Background documents, quarterly reports and ad-hoc releases provide more detail on Aker Solutions' projects, backlog and guidance for investors tracking the shares.
How Aker Solutions makes its money
Aker Solutions' core business is providing engineering, procurement, construction and maintenance services for offshore oil and gas and related energy projects, with a strong footprint on the Norwegian Continental Shelf and selected international regions.Corporate overview and business segments on the Aker Solutions site The company designs and delivers subsea production systems, topside facilities and renewable energy infrastructure, as well as long-term service agreements such as the new Cenovus contract.
Where the Aker Solutions stock trades today
The Aker Solutions shares (NO0010716582) trade on the Oslo Stock Exchange, with the latest available price data showing the stock quoted in Norwegian kroner on 2026-06-26, 15:50 local time, at NOK 95.20 per share.Oslo Stock Exchange price and listing information for Aker Solutions
Key data on the Aker Solutions shares
- Company: Aker Solutions ASA
- ISIN: NO0010716582
- WKN: A2QA4K
- Ticker: AKSO
- Trading venue: Oslo Stock Exchange
- Price (as of 2026-06-26, 15:50): 95.20 NOK
- Market cap: 26.5 billion NOK (as of 2026-06-26)
- Sector / industry: Energy equipment and services
- Index membership: OBX Index
- Next earnings date: 2026-07-18
Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or any form of financial guidance. All data are based on publicly available sources believed to be reliable at the time of publication, but accuracy and completeness cannot be guaranteed. Investors should conduct their own research or consult a qualified financial adviser before making investment decisions.
